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Effective dates for UK GAAP

UK GAAP standards are frequently amended so it is important to know the changes in the requirements and their effective dates.

UK GAAP standards are frequently amended so it is important to know the changes in the requirements and their effective dates.

The FRC favours issuing standards and amendments to be effective for accounting periods beginning on or after 1 January in any given year. Future changes are generally available for early adoption.

The table below summarises the amendments according to calendar years. Some amendments are effective for annual periods beginning on or after a certain date and others are available for financial statements approved after a certain date. Links are provided to our UK accounting standards pages where further details of the changes can be found. More information on the individual standards can be found at icaew.com/ukgaap.

The Financial Reporting Faculty publishes annual factsheets setting out the mandatory requirements coming into effect for a particular accounting period. Financial Reporting Faculty members, Faculties Online and International Standards subscribers can access the UK GAAP factsheets.

Effective  Amendment  Standard(s) Affected 
Annual periods beginning on or after 1 January 2023   Amendments to FRS 101 Reduced Disclosure Framework and Amendment to FRS 101 Reduced Disclosure Framework – Effective date of IFRS 17   FRS 100
FRS 101
FRS 102 
Financial statements approved after 21 May 2021   Amendments to FRS 101 Reduced Disclosure Framework – 2020/21 cycle  FRS 101
Annual periods beginning on or after 1 January 2021   Amendments to UK and Republic of Ireland Accounting Standards – UK Exit from the European Union   FRS 100
FRS 101
FRS 102
FRS 103
FRS 104
FRS 105
  Amendments to FRS 102 – Interest Rate Benchmark Reform (Phase 2)  FRS 102 
  Amendments to FRs 102 and FRS 105 – Covid-19-related rent concessions beyond 30 June 2021  FRS 102
FRS 105 
  Amendments to FRS 104 Interim Financial Reporting – Going concern  FRS 104
Financial statements approved after 29 May 2020   Amendments to FRS 101 Reduced Disclosure Framework – 2019/20 cycle  FRS 101
FRS 102 
Annual periods beginning on or after 1 January 2020  Amendments to FRS 102 – Multi-employer defined benefit plans  FRS 102
  Amendments to FRS 102 – Interest Rate Benchmark Reform (Phase 1)  FRS 102 
  Amendments to FRS 102 and FRS 105 – Covid-19-related rent concessions  FRS 102
FRS 105
Annual periods beginning on or after 1 January 2019  Amendments to FRS 102 -Triennial Review FRS 100
FRS 101
FRS 102
FRS 103
FRS 104
FRS 105 
Annual periods beginning on or after 1 January 2018  Amendments to FRS 101 Reduced Disclosure Framework – 2015/16 cycle  FRS 101